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New contract wins

2 Mar 2010 07:00

RNS Number : 8750H
EG Solutions plc
02 March 2010
 



 

 

FOR IMMEDIATE RELEASE

2 March 2010

 

 

eg solutions plc

 

 

NEW CONTRACT WINS

 

 

eg solutions plc ("eg solutions", "eg" or "the Company"; LSE-AIM: EGS), the operations management software company, is pleased to announce the receipt of new orders from two existing UK financial services sector clients valued at a total of approximately £0.25 million.

 

Following the recent sale of an enterprise-wide software licence to Nationwide Building Society ("Nationwide"), Nationwide has placed a significant additional order for support and implementation services associated with roll-out across all back office functions.

 

The second order is from a major UK life and pensions company where eg's operational management software will be rolled out to a further 400 staff to support improved capacity and work flow management and to provide consistent operational management information. The total number of users of eg's software within this client has now increased to over 2,125 with installations across four divisions and five locations.

 

The revenue from these orders will be recognised in the current financial year to 31 January 2011.

 

Elizabeth Gooch, Chief Executive Officer, commented:

 

"These latest orders demonstrate the potential of generating repeat sales within our existing customer base of substantial UK and international financial services companies."

 

 

ENDS

 

 

 

 

CONTACTS

 

eg solutions plc

01785-715772

Elizabeth Gooch, Chief Executive Officer

www.eguk.co.uk

Bankside

020-7367-8888

Steve Liebmann, Simon Bloomfield or Andy Harris

Arbuthnot Securities Limited

020-7012-2000

Tom Griffiths

 

 

About eg solutions plc

 

eg solutions plc is a global operations management software company. Our software provides historic, real-time and predictive Operational MI. When implemented with our training programme for managers and team leaders to use this intelligence, we guarantee improvements in operational results in short timescales.

 

The Company, which is listed on the Alternative Investment Market ('AIM') of the London Stock Exchange, is committed to customer satisfaction and the ongoing development of its operations management solutions.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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